Earnings Report: Feroze 1888 Mills Ltd. (PSX: FML) today reported Financial Results for the Twelve months ended June 30, 2017

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MG News | September 27, 2017 at 09:56 AM GMT+05:00

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Feroze 1888 Mills Ltd. announced Financial Results for the period ended June 30, 2017.

The company reported an increase of 1.82% in Net Sales for the period ended June, 30 2017, whereas reported a 35% decline in Profit after Tax.

The company reported an Earnings per share of Rs. 6.61, down by 35% from same period last year.

The board has recommended a final Cash Dividend for the year ended June 30, 2017 @ of 17% amounting to Rs. 1.70/share. This is in addition to the interim dividend already paid at 10% of Rs. 1.00/-. The board issued no bonus or right shares.

Comparison of Key Financials

Unconsolidated Profit and Loss Account - For the Year Ended

Key Financials

2017

2016

% Change

 

Amounts in PKR ‘000

Net Sales

20,023,227

19,664,897

1.82%

Cost of Sales

15,985,135

14,101,297

13.36%

Gross Profit

4,038,092

5,563,600

-27.42%

Expenses

1,516,361

1,449,890

4.58%

Operating Profit

2,521,731

4,113,710

-38.70%

Finance Cost

72,031

81,659

-11.79%

Profit before Taxation

2,449,700

4,032,051

-39.24%

Taxation

39,977

221,968

-81.99%

Profit after Taxation

2,489,677

3,810,083

-34.66%

EPS - Basic & diluted

6.61

10.11

-34.62%

Company release on Earnings Report can be accessed here.

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